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QUESTION

You are going to save money for your son's education. You have decided to place $1,833 every half year at the end of the period into a saving account...

You are going to save money for your son’s education. You have decided to place $1,833 every half year at the end of the period into a saving account earning 7.93 percent per year, compounded semi-annually for the next 5 years. How much money will be in the account at the end of that time period? Round the answer to two decimal places.

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